MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Booz Allen Hamilton Holding Corp. (BAH) on Friday reported fiscal first-quarter net income of $198 million.
On a per-share basis, the McLean, Virginia-based company said it had profit of $1.63. Earnings, adjusted for one-time gains and costs, came to $1.81 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The defense contractor posted revenue of $2.8 billion in the period, which matched Street forecasts.
Booz Allen expects full-year earnings in the range of $6 to $6.35 per share, with revenue in the range of $11.2 billion to $11.7 billion.
Booz Allen shares have dropped 22% since the beginning of the year. The stock has dropped 43% in the last 12 months.
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